We have used the latest and greatest in information technology processing to simplify the purchasing process. Due to the nature and typical quantities of product sold, adherence to standard industry procedures is necessary. As a result, the procurement process is broken down into a series of easy to follow steps:
 | Step One Buyer requests Full Corporate Offer (FCO) from Seller [Fidelity Associates, LLC], which is a summary of the actual contract terms and conditions. This at least demonstrates that the buyer declares an interest in purchasing regardless of whether or not negotiations proceed to a further stage. To Request and FCO, please use our Fast Track Form by clicking here. |
Note: We maintain a strict policy to protect your privacy and we
will NOT
give any information you submit to any other agency, business or
organization so
you can
be assured of total confidentiality.
Alternatively, you may contact our VP of Sales, Mr. Chris Venning
III,
stating
clearly:
the name of the Buyer
the full postal address of the Buyer
The Buyer's Tel. /Fax number and/or e-mail address
| Step Two Buyer sends Letter of Intent (LOI) or discusses terms and conditions of FCO further. |
| Step Three Seller sends contract confirming 2% performance bond availability, to be signed and sealed after any amendments have been agreed to by all parties to the contract. |
| Step Four Contracts are exchanged with banking co-ordinates of both seller and buyer. |
| Step Five Seller confirms performance bond and product. |
| Step Six Buyer opens Non-Operational Documentary Letter of Credit (DLC). |
| Step Seven Lifting confirmed, by Seller as taking place within 10 days of the buyer's Letter Of Credit being opened. |
| Step Eight Depending on Port, any safe WORL port (ASWP) nominated by Buyer, delivery typically takes up to 14 days to Northern Europe. (Time based on delivery to Rottersdam) & 19 days to US Gulf Cost). |
| Step Nine All payments must be received within 10 days of discharge of cargo and satisfactory testing and quantity (Q &Q). |
